Mexico Stocks: Alfa, America Movil, Comerci, Femsa Advance

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index rose 1 percent to 36,916.16.

Mexican stocks followed European equities higher as France auctioned debt at a lower borrowing cost, even after Standard & Poor’s stripped the country of its top credit rating.

Controladora Comercial Mexicana SAB (COMERUBC) , a Mexican supermarket chain, gained 4 percent to 26.21 pesos. Fomento Economico Mexicano SAB (FEMSAUBD) , Latin America’s largest Coca-Cola bottler, rose 1.1 percent to 92.98 pesos. America Movil SAB (AMXL) , the wireless carrier controlled by billionaire Carlos Slim, rose 1.1 percent to 15.30 pesos.

Alfa SAB (ALFAA) , Mexico’s largest privately-owned chemical company, jumped 8.6 percent to 170.99 pesos. Its Alpek SA unit filed for a possible initial public offering, according to a statement sent Jan. 13 after markets had closed.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.